B. Multiple Choice (1 point cach, circle the right answer) What is the possible range of the critical ratio Cw/Co+Cu? A) between 1 and 0 B) between 0 and 1 C) between 1 and 1 D) between 0.1 and 0.3 E) between 0.1 and 0.5 Which of the following statements regarding the reorder point is TRUE? A) The reorder point is that quantity that triggers an action to restock an item. B) There is a reorder point even if lead time and demand during lead time are constant. C) The reorder point is larger than dLif safety stock is present D) A shorter lead time implies a smaller reorder point E) All of the above are true. The proper quantity of safety stock is typically determined by: A) using a single-period model B) carrying sufficient safety stock so as to eliminate all stockouts, C) multiplying the EOQ by the desired service level. D) setting the level of safety stock so that a given stockout risk is not exceeded. E) minimizing total costs. A specific product has demand during lead time of 100 units, with a standard deviation during lead time of 25 units. What safety stock (approximately) provides a 95% service level? Note that Z-1.28, Za-1,64 Z-1.95 A) 41 B) 35 C) 133 D) 140 E) 165 What year were both Wal-Mart and K-Mart founded? A) 1958 B) 1962 C) 1968 D) 1972 E) 1975 Which of the following is not required in the effective use of MRP and other dependent demand models? A) master production schedule B) bill of materials C) inventory availability D) lead times E) cost of individual components